Information on TVL Q4 2021, TVL Q1 2022, NOW 5 and tax deferment

Last update: January 3rd, 2021

We would like to inform you about the attention points of the new corona support measures:

  • the extended TVL covering Q4 2021 and Q1 2022;
  • the final determination for TVL Q2 2021;
  • the extension of NOW (NOW 5) for November and December 2021;
  • the extended tax deferment.

TVL Q4 2021: application open until January 28th, 2022

On November 16, 2021 the Dutch government announced to extend the TVL subsidy scheme in light of the new corona restrictions. The measure that was announced as Reimbursement fixed costs for among others night closure, (subsidie Vaste Lasten voor onder andere Nachtsluiting, VLN) is replaced by TVL Q4 2021.

Entrepreneurs who suffer a turnover loss of at least 20% in Q4 2021 (October, November December 2021) compared to either Q4 2019 or Q1 2020 can apply for TVL Q4 2021 if the other conditions are met. The TVL subsidy amount depends on the one hand on the turnover loss and on the other hand on the predetermined part of fixed costs in your company. Under TVL Q4 2021, your company can receive a subsidy for the maximum amount of €550,000 (SMEs) and €600,000 (non-SMEs) for the period from October 1, 2021 to December 31, 2021. The maximum state aid amount under the TVL subsidy scheme is increased from €1.8 million to €2.3 million for TVL Q4 2021.

Application for TVL Q4 2021 opened on December 20th, 2021 and will close on January 28th, 2022. The TVL subsidy scheme is currently under review by the European Commission for approval. Please note: in case the TVL subsidy amount is€ 125,000 or higher at the time of application, an accountant’s product has to be filed immediately. If the TVL subsidy amount is €25,000 or higher, a third party expert declaration is required. We advise to connect with your accountant timely.

The RVO has a notification service which will notify you about any updates and the opening of the application (only available in Dutch). You may sign up for these notifications on the RVO’s website.
For further information, we kindly refer to the information on the website of the Chamber of Commerce.

TVL Q1 2022 announced: opens in 2022

The Dutch government also announced another extention of the TVL subsidy scheme: TVL Q1 2022. Under TVL Q1 2022 your company can receive a subsidy for the period from January 1, 2022 to March 31, 2022. The same conditions will apply as for TVL Q4 2021. This TVL Q1 2022 is expected to open in early 2022.

TVL Q2 2021: final determination before March 8, 2022

If you applied for the TVL Q2 2021, you’ll receive a request from the RVO by e-mail to file the final determination. Before March 8, 2022, you must report the actual turnover for the period April 1 to June 30, 2021.Within 16 weeks, you will be notified about the final amount to which you are entitled.

  • If the revenue loss is equal to the estimation at the time of application, the additional 20% will be paid (80% is granted as an advance at time of your subsidy request).
  • If the turnover loss is lower than anticipated, you will either receive less than 20% or you will have to (partially) repay the subsidy.
  • In case the turnover loss turns out to be higher, the subsidy will increase.
Please note that if you do not submit a final application (timely), you must repay the entire subsidy amount!

NOW 5 (tranche 7): application open until January 31st, 2022 

When you employ staff and suffer a substantial turnover loss as a result of the corona crisis, you can claim compensation for wage costs under the NOW subsidy scheme. Wage costs include the wages of employees who are insured for employee insurance schemes. Due to the corona restrictions, the NOW is also extended and the application is open until January 31th, 2022.

We have now entered NOW 5 (tranche 7) covering wage costs for the period from November 1, 2021 to December 31, 2021. We note that the month October is excluded as the current corona restrictions were not applicable then. NOW 5 is almost identical to NOW 4: a decrease in turnover of at least 20% is required. Furthermore, the subsidy amount depends on the turnover loss. Similar to NOW 4, NOW 5 is limited to 80% loss of turnover (for companies with a loss of turnover between 20%-80% no changes will occur). The subsidy is based on the wage bill of September 2021. The reference period is 2019 divided by 6 (resulting in an average for 2 months). For starting companies between January 1, 2019 and September 30, 2021, a different approach applies. Opposed to former NOW schemes, the period to calculate the turnover loss is fixed and set at November and December 2021. For further information, we kindly refer to the information of the website of the Chamber of Commerce.

Please note that you may apply for both NOW 5 and TVL Q4 2021. Under previous schemes, the TVL subsidy received was considered turnover for NOW 1 and NOW 2 calculations. From NOW 3 onwards, the TVL subsidy does no longer count as turnover.

Extended tax deferment

Entrepreneurs who were not able to pay their tax liabilities due to the pandemic had the possibility to request deferment of tax payment until October 1, 2021. The tax liabilities were deferred and have to be repaid as of October 1, 2022 over a period of 60 months. Due to the new restrictions, the tax deferment is re-opened until year’s end. Entrepreneurs who haven’t applied for the tax deferment or who already paid off their deferred tax liabilities may apply for the re-opened tax deferment.
The start of repayment as per October 1, 2022 remains unchanged as well as the repayment period of 60 months. The quarterly returns covering the end of 2021 which have to be paid in January 2022 are also covered. The tax interest rate will stay almost nil (0.01%) up to and until June 30, 2022 (opposed to an increase to 1% per January 1, 2022). The tax interest will gradually increase to the regular 4%:

  • 1% per July 1, 2022
  • 2% per January 1, 2023
  • 3% per July 1, 2023 and
  • 4% per January 1, 2024.

More information

We suggest to carefully review the subsidy schemes and their respective conditions. If you do not meet the conditions, you will have to repay the received advance! For an up-to-date overview, please find the website of the Chamber of Commerce (in the English language).

If you have any questions or require assistance on any of these items, please reach out to our corona crisis team. They can support your business with the application and implications of the economic measures.

Contact our Corona Crisis Team »

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24 January 2022